[Important Data] Tether's market share falls to 59.55%, the stablecoin market continues to expand.
DeFiLlama data shows that despite the stablecoin market reaching a historic high of over $283 billion, Tether's market dominance has fallen to 59.55%, the lowest level since March 2023. Tether's share of the stablecoin market has dropped below 60% for the first time in over two years, indicating that the market is rapidly expanding. Analysts believe that the passage of the "GENIUS Act" could accelerate institutional adoption, with the total market value of stablecoins expected to reach $1.2 trillion by 2028.
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Muaaz_Bin_Mehedi
· 09-01 03:46
[Important Data] Tether's market share falls to 59.55%, the stablecoin market continues to
[Important Data] Tether's market share falls to 59.55%, the stablecoin market continues to expand.
DeFiLlama data shows that despite the stablecoin market reaching a historic high of over $283 billion, Tether's market dominance has fallen to 59.55%, the lowest level since March 2023. Tether's share of the stablecoin market has dropped below 60% for the first time in over two years, indicating that the market is rapidly expanding. Analysts believe that the passage of the "GENIUS Act" could accelerate institutional adoption, with the total market value of stablecoins expected to reach $1.2 trillion by 2028.